Cue Health Inc. (HLTH) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19
	10-K	10-K	10-K	10-K
Revenues:
Non-US	10.6	1.0
Other	472.9	617.1
Total revenues	483.5	618.1	23.0	6.6
Revenue growth [+]	-21.8%	2592.9%	246.4%
Non-US	960.0%
Cost of goods sold	330.0	276.5	15.0	0.0
Gross profit	153.5	341.6	8.0	6.6
Gross margin	31.7%	55.3%	34.9%	100.0%
Selling, general and administrative [+]	185.7	108.5	24.7	6.0
Sales and marketing	88.6	28.7	0.7	0.1
General and administrative	97.1	79.8	23.9	5.9
Research and development	171.5	42.8	28.5	21.4
EBITDA [+]	-158.7	222.7	-38.8	-17.1
EBITDA growth	-171.2%	-673.4%	127.0%
EBITDA margin	-32.8%	36.0%	-169.2%	-258.3%
Depreciation	41.2	30.5	6.2	3.7
EBITA	-199.9	192.2	-45.0	-20.8
EBITA margin	-41.4%	31.1%	-196.2%	-313.4%
Amortization of intangibles	3.7	2.0	0.1
EBIT [+]	-203.6	190.2	-45.1	-20.8
EBIT growth	-207.1%	-521.5%	117.3%
EBIT margin	-42.1%	30.8%	-196.6%	-313.4%
Non-recurring items	2.0
Interest expense	0.6	9.8	0.4	0.2
Interest expense	0.6	9.8	0.4	0.2
Other income (expense), net [+]	2.5	-61.2	-1.9	0.3
Gain (loss) on debt retirement		-2.0	-0.6
Change in fair value of warrants		0.1	-1.3	0.0
Other	2.5	0.3	0.0	0.3
Pre-tax income	-203.8	119.2	-47.4	-20.6
Income taxes	-9.7	32.8	0.0	0.0
Tax rate	4.8%	27.5%	0.0%	0.0%
Net income	-194.1	86.4	-47.4	-20.6
Net margin	-40.1%	14.0%	-206.3%	-311.0%

Basic EPS [+]	($1.31)	$1.64	($2.90)	($1.31)
Growth	-180.1%	-156.4%	122.0%
Diluted EPS [+]	($1.31)	$1.45	($2.90)	($1.31)
Growth	-190.5%	-149.9%	122.0%

Shares outstanding (basic) [+]	148.0	52.8	16.3	15.8
Growth	180.3%	223.7%	3.5%
Shares outstanding (diluted) [+]	148.0	59.6	16.3	15.8
Growth	148.2%	265.5%	3.5%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.